Descriptive Statistics and GraphicalDisplays
Valencia Orange Price Comparison
You have been hired as a consultant to determine who ABC GroceryStore should be ordering Valencia Oranges from.
To: Statistician
From: ABC Grocery Store
Please advise us on which company to use as our orangedistributor. Three highly recommended distributors have provided uswith statistical data on the weekly prices for one load of Valenciaoranges per week for a ten-week period last year. Prices fluctuateaccording to availability, and we would like to use the companywith the lowest overall price and the least amount of fluctuation.We would like your written report showing your results and adetailed recommendation as to which company we should choose.
Thank you.
Here are the prices, listed as price in dollars per crate:
Week | The Fruit Guys | Sunny Oranges | Tree Groves |
1 | 350 | 345 | 345 |
2 | 350 | 295 | 340 |
3 | 310 | 325 | 310 |
4 | 330 | 315 | 290 |
5 | 340 | 290 | 305 |
6 | 290 | 305 | 290 |
7 | 305 | 300 | 320 |
8 | 315 | 315 | 320 |
9 | 325 | 340 | 300 |
10 | 355 | 350 | 359 |
You must type in and analyze the data for each company.
Helpful directions:
- Analyze the data for each company: frequency, relativefrequency, mean, median,******* (ONLY complete the mode,standard deviation and range because below I am going to list myanswers for the frequency, relative frequency, mean andmedian)
- You need to decide which statistics to compare to determine theoverall lowest price and the least fluctuation. Create and includeat least two charts that will be useful to best support yourconclusions.
- Write a brief informative letter in response to the requestfrom ABC Grocery answering their request. Be sure to include:
- A very detailed explanation of the data and the conclusions youcame to. You should use the statistics youcalculated to make this decision.
- Charts to support your explanation.
- Attach copies of the Excel pages or embed the Excel work inyour letter of response.